Question: Two partners ( A and B ) jointly own a business but wish to dissolve the partnership using the method of sealed bids. One of

Two partners

(

A and B

)

jointly own a business but wish to dissolve the partnership using the method of sealed bids. One of the partners will keep the business; the other will get cash for his half of the business. Suppose that A bids $x and B bids $y

.

Assume that B is the high bidder. Describe the final settlement of this fair division in terms of x and y

.

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